South Korea Stringed Instruments Market Size & Outlook
South Korea stringed instruments market, 2018-2030 (US$M)
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South Korea stringed instruments market highlights
- The South Korea stringed instruments market generated a revenue of USD 186.8 million in 2022 and is expected to reach USD 287.2 million by 2030.
- The South Korea market is expected to grow at a CAGR of 5.5% from 2023 to 2030.
- In terms of segment, offline was the largest revenue generating distribution channel in 2022.
- Online is the most lucrative distribution channel segment registering the fastest growth during the forecast period.
Stringed instruments market data book summary
| Market revenue in 2022 | USD 186.8 million |
| Market revenue in 2030 | USD 287.2 million |
| Growth rate | 5.5% (CAGR from 2022 to 2030) |
| Largest segment | Offline |
| Fastest growing segment | Online |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Online, Offline |
| Key market players worldwide | Casio Computer Co Ltd, Roland Corp Ordinary Shares, Yamaha Corp, Kawai Musical Instruments Manufacturing, C.F. Martin & Co, D'Addario & Company, Inc., Eastman Music, Fender, Steinway & Sons |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.1% of the global stringed instruments market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China stringed instruments market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 2,552.9 million by 2030.
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Stringed Instruments Market Scope
Stringed Instruments Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea stringed instruments market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to stringed instruments market will help companies and investors design strategic landscapes.
Offline was the largest segment with a revenue share of 87.31% in 2022. Horizon Databook has segmented the South Korea stringed instruments market based on online, offline covering the revenue growth of each sub-segment from 2018 to 2030.
- South Korea Stringed Instruments Distribution Channel Outlook (Revenue, USD Million, 2018-2030)
- Online
- Offline
- South Korea Stringed Instruments Product Outlook (Revenue, USD Million, 2018-2030)
- Saxophone
- Flute
- Harmonica
- Piano
- Accordion
- Keyboard
- Drum Set
- Tabla
- Cajon
- Guitar
- Violin
- Cello
- Others
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Target buyers of South Korea stringed instruments market databook
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Our clientele includes a mix of stringed instruments market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea stringed instruments market , including forecasts for subscribers. This country databook contains high-level insights into South Korea stringed instruments market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea stringed instruments market size, by distribution channel, 2018-2030 (US$M)
South Korea Stringed Instruments Market Outlook Share, 2022 & 2030 (US$M)
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